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TL;DR quote from the article: > Why do parents continue helping children into their early twenties or beyond? It seems to be, largely, because they can. Who s

by Expez 7y ago

TL;DR quote from the article: > Why do parents continue helping children into their early twenties or beyond? It seems to be, largely, because they can. Who said trickle-down economics doesn't work? :trollface:

izzydata 7y ago
That seems like a silly question. What parents want to see their child fail because they weren't able to afford getting started? If they are capable of helping they are going to most of the time. I don't doubt that this hasn't been as necessary in the past though.
prophesi 7y ago
Anecdotally, my millennial peers receive financial help from their parents because they'd otherwise not be able to save anything up due to crippling school loans and low-paying entry-level jobs. I, personally, had to live with my parents for the first few years out of college. They were too poor to help out financially. To offset that, I don't take vacations, don't have a car, and generally just don't go out into town.
- scarface74 7y ago
  Whose fault is that? Why pay exorbitant tuition just to get a job that pays low wages? Which low paying job cares about which school you intended? I went to an unknown state school,stayed at home and within three years I was making as much as people who paid more per year than I paid an entire four years.
  - prophesi 7y ago
    That's a narrative that one was unlikely to hear about a decade ago in highschool. My parents & teachers essentially preached that you went to college to succeed in life. You _could_ not go, but you wouldn't have nearly as many opportunities to succeed. That said, if I went back in time, I'd still attend the same school. It was a (expensive) life-changing experience. (moral of the story: predicting the future is really, really difficult)
    - scarface74 7y ago
      The moral of my story is don't go to an expensive college.
      - prophesi 7y ago
        Again, predicting the future is difficult. The fear with going to a no-name college was that you're throwing money down the drain to have the same opportunities as those who don't attend college at all.
        scarface74 7y ago
        Okay. I’m not being completely honest - I’m leaving out some details that changed the equation for me. I did graduate from a no name school with a horrible CS program in the mid 90s and it didn’t affect my career. That could have been a horrible mistake. Especially seeing that I was accepted to Georgia Tech (still a state school) but I went to my school for free and they gave me room and board even though I stayed at home. However, the few others that graduated with me from the CS department weren’t so lucky. I had the advantage of having a computer growing up and a lot of them didn’t have one growing up or in college. By the time I got to college, I had already been programming in assembly for 6 years on an Apple //e and in college I had an (expensive) Mac running Soft PC (x86 emulator). I also released a shareware program in college that caught the attention of another college to give me my first freelance contract. That led to me being able to impress another company in Atlanta they offered me an internship with free lodging. Which led to my first job and the rest is history. There was no GitHub back then or an easy way for most people to publish software. I happened to know how to hack around a dialup gopher server (showing my age) to get to Nyx (http://nyx.net/ http://nyx.net/) that offered a Unix shell to publish to the ftp Info Mac archives. Today, I have a relative who was thinking about getting a CS degree from the same college I went to. I discouraged him and his mom from him going there. He actually needed the exposure, the education increased opportunities for internships, etc. I still said that he should do his first two years st home and then transfer to a college in Atlanta. But, if he was going to enter a low paying, non competitive field like teaching, social work, etc. I would have suggested he stay in the no name state school.
rmdashrfstar 7y ago
Trickle down economics is a made up name given to the theory of supply side economics. I wish more people would realize this and that supply side economics does actually benefit society!

by Expez 7y ago

izzydata 7y ago

That seems like a silly question. What parents want to see their child fail because they weren't able to afford getting started? If they are capable of helping they are going to most of the time. I don't doubt that this hasn't been as necessary in the past though.

prophesi 7y ago

Anecdotally, my millennial peers receive financial help from their parents because they'd otherwise not be able to save anything up due to crippling school loans and low-paying entry-level jobs. I, personally, had to live with my parents for the first few years out of college. They were too poor to help out financially. To offset that, I don't take vacations, don't have a car, and generally just don't go out into town.

scarface74 7y ago
Whose fault is that? Why pay exorbitant tuition just to get a job that pays low wages? Which low paying job cares about which school you intended? I went to an unknown state school,stayed at home and within three years I was making as much as people who paid more per year than I paid an entire four years.
- prophesi 7y ago
  That's a narrative that one was unlikely to hear about a decade ago in highschool. My parents & teachers essentially preached that you went to college to succeed in life. You _could_ not go, but you wouldn't have nearly as many opportunities to succeed. That said, if I went back in time, I'd still attend the same school. It was a (expensive) life-changing experience. (moral of the story: predicting the future is really, really difficult)
  - scarface74 7y ago
    The moral of my story is don't go to an expensive college.
    - prophesi 7y ago
      Again, predicting the future is difficult. The fear with going to a no-name college was that you're throwing money down the drain to have the same opportunities as those who don't attend college at all.
      - scarface74 7y ago
        Okay. I’m not being completely honest - I’m leaving out some details that changed the equation for me. I did graduate from a no name school with a horrible CS program in the mid 90s and it didn’t affect my career. That could have been a horrible mistake. Especially seeing that I was accepted to Georgia Tech (still a state school) but I went to my school for free and they gave me room and board even though I stayed at home. However, the few others that graduated with me from the CS department weren’t so lucky. I had the advantage of having a computer growing up and a lot of them didn’t have one growing up or in college. By the time I got to college, I had already been programming in assembly for 6 years on an Apple //e and in college I had an (expensive) Mac running Soft PC (x86 emulator). I also released a shareware program in college that caught the attention of another college to give me my first freelance contract. That led to me being able to impress another company in Atlanta they offered me an internship with free lodging. Which led to my first job and the rest is history. There was no GitHub back then or an easy way for most people to publish software. I happened to know how to hack around a dialup gopher server (showing my age) to get to Nyx (http://nyx.net/ http://nyx.net/) that offered a Unix shell to publish to the ftp Info Mac archives. Today, I have a relative who was thinking about getting a CS degree from the same college I went to. I discouraged him and his mom from him going there. He actually needed the exposure, the education increased opportunities for internships, etc. I still said that he should do his first two years st home and then transfer to a college in Atlanta. But, if he was going to enter a low paying, non competitive field like teaching, social work, etc. I would have suggested he stay in the no name state school.

rmdashrfstar 7y ago

Trickle down economics is a made up name given to the theory of supply side economics. I wish more people would realize this and that supply side economics does actually benefit society!